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Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
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Name : |
TRANS CONTINENTS (PTE.) LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.05.2008 |
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Com. Reg. No.: |
200810557W |
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Legal Form : |
Limited Exempt Private Company |
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Line of Business : |
General Wholesale Trade (Including General Importers And Exporters) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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Status : |
No operating office in Singapore |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Singapore |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
Trans Continents
(Pte.) Ltd. |
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Supplied Name: |
|
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Supplied
Address: |
116 Lavender Street, 03-04 Pek Chuan Building, Singapore 338730 |
Notes: Subject’s exact name is as above and the
supplied address belongs to subject’s corporate secretary.
We tried to
contact subject through the given number +65-6291-0104, both the phone number +65-6291-0104
and fax number +65-6293-7621 belong to subject’s corporate secretary, the
relevant staff Ms. Wang introduced that there is no staff of subject in
Singapore, and subject’s staff are mainly in Burma.
Subject purchases hardware and other products from Singapore, China and other
countries and sells the products to Burma
and the corporate secretary mainly deal with subject’s daily files and also
does the L/C service for subject.
We did not find
any operation information or valid contact of subject from public files
according to the supplied name or address, either.
We found subject’s
registration information from local registry, supplying as follows for
reference.
|
Registered
Name: |
|
|
Registered
Address: |
116 Lavender Street #03-04 Pek Chuan Building Singapore
338730 |
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Date
of Registration:: |
|
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Registered
Number: |
200810557W |
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Country
of Incorporation: |
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Registered
Capital: |
SGD
12,000 (USD 9,661) (As
of 2012.05, 1 SGD = 0.8051 USD) |
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Paid-up
Capital: |
SGD
12,000 (USD 9,661) = 12,000 Shares@1 SGD |
|
Legal
Form: |
Limited
Exempt Private Company |
|
Principal
Activities: |
46900--General Wholesale
Trade (Including General Importers And Exporters) 46100--Wholesale
On A Fee Or Contract Basis (Eg Commission Agents) |
|
0 employees |
|
|
Status: |
Live Company |
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Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
|
Notes: It is introduced
that subject has no staff in Singapore.
Subject was
incorporated on
|
Subscription
Amount |
Proportion
of Investment (%) |
|
|
TIN MAR MAR NYO |
6,000 |
50% |
|
RAJESH GAIKWAD |
6,000 |
50% |
|
Total |
12,000 |
100% |
Major Shareholder
Information:
|
1 |
|
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Name: |
Tin Mar Mar Nyo |
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ID Number: |
M245804 |
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Address: |
Room no.b, 12th floor, cherry tower, 116-118 Bo
myat tub str eet, botahtaung 11161, Yangon, myanmar |
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2 |
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Name: |
Rajesh Gaikwad |
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ID Number: |
Z2261988 |
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Address: |
Room Bo.2, A.S. Yadav Chawl No.4, Ovari Pada,
Dahisar (e), Mumbai - 400068. India |
Subject did not
register any subsidiaries or branches; from other source we cannot obtain the
relevant information, either.
Detailed
Information of Management:
|
1 |
|
|
Name: |
Thaung Htut |
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Position: |
Director |
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ID Number: |
M009042 |
|
Address: |
Room No.B, 12th Floor, Cherry Tower,
116-118 Bo Myat Tun Str Eet, Botahaung 11161, Yangon, Myanmar |
|
Nationality: |
Myanmar |
|
Date of Appointment: |
|
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2 |
|
|
Name: |
Tin Mar Mar Nyo |
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Position: |
Managing Director |
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ID Number: |
M245804 |
|
Address: |
Room No.B, 12th Floor, Cherry Tower,
116-118 Bo Myat Tub Str Eet, Botahtaung 11161, Yangon, Myanmar |
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Nationality: |
Myanmar |
|
Date of Appointment: |
|
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3 |
|
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Name: |
Wee Swee Too |
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Position: |
Director |
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ID Number: |
S0178739Z |
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Address: |
404 Serangoon Avenue 1 #05-47
Singapore 550404 |
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Nationality: |
Singapore Citizen |
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Date of Appointment: |
|
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4 |
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Name: |
Wong Sui Heng |
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Position: |
Secretary |
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ID Number: |
S |
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Address: |
346 Ang Mo Kio Avenue 3 #07-2290
Singapore 560346 |
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Nationality: |
Singapore Citizen |
|
Date of Appointment: |
|
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5 |
|
|
Name: |
Rajesh Gaikwad |
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Position: |
Director |
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ID Number: |
Z2261988 |
|
Address: |
Room Bo.2, A.S. Yadav Chawl No.4,
Ovari Pada, Dahisar (e), Mumbai - 400068. India |
|
Nationality: |
Indian |
|
Date of Appointment: |
|
Subject has no business entity in Singapore and the relevant
staff of subject’s corporate secretary introduced that subject is engaged
in trading of hardware and it purchases hardware and other products from
Singapore, China and other countries and sells the products to Burma and the corporate secretary mainly deal
with subject’s daily files and also does the L/C service for subject.
It is introduced
that subject uses L/C as general settlement with its suppliers, while the
details are not disclosed.
In Singapore, Limited Exempt Private Companies are not obligated to submit
their financial statements to the local registry. We did not find the
financials of subject from the local registry, and we can not find it from
other source, either.
Information on bank details is not available from subject or other sources.
|
Name: |
Ms. Wang |
|
Position: |
Staff of
subject’s corporate secretary |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.23 |
|
|
1 |
Rs.86.14 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.